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Gold and NG Declined on Monday – Recap March 25th

March 26, 2013

Major commodities were traded in a mixed trend on the first business day of the week: the prices of Brent oil and WTI oil rose again on Monday; natural gas Henry Hub future (short term delivery) tumbled down again yesterday; silver and gold prices were little changed on Monday; the Euro changed course and depreciated against the USD on Monday. Conversely, several other currencies such as the Aussie dollar rose against the U.S dollar.

Here is a summary of the daily shifts of precious metals and energy commodities for March 25th, 2013:

Forex and Bullion Markets:

On Monday, gold edged down by 0.1% to $1,604.5; silver slightly rose by 0.42% to $28.79. During the month, gold rose by 1.7%; silver, by 1.39%.

On Monday,the Euro/USD changed course and plummeted by 1.06% to 1.2851; the U.S Dollar depreciated against several currencies such as Australiandollar by 0.21%.

Energy Commodities:

WTI oil price rose again by 1.17% to $94.81 per barrel; Brent oil also increased by 0.47% to $108.17 per barrel;

Thus, the gap between Brent and WTI shrunk again to $13.36/bbl. During March, WTI rose by 3%; Brent oil decreased by 2.88%.

Finally, the Henry Hub future (short term delivery) declined again yesterday by 1.58% to reach $3.87/mmbtu.